JPP: SPDR Russell/Nomura PRIME Japan ETF Market Currents - On the Move

Quote & Headlines Market Currents StockTalk

All
| Earnings
| Dividends
| M&A
| On the move

Thursday, May 23, 4:42 AM Even Japanese stocks are subject to the law of gravity (who knew?) as a confluence of factors sends the Nikkei (EWJ, DXJ) plunging 7.3% on the session (the swing from intraday high to low was ~9%). Yields on JGB 10s (JGBL) spiked above 1% at one point as an already skittish and volatile market was further rattled by what have generally been perceived as hawkish comments out of Ben Bernanke and other Fed officials on Wednesday. Yields pulled back in late trading. Compounding the problem for Japanese stocks was the yen (FXY), which has strengthened some 2% against the dollar to 101.16 most recently. (See also: China HSBC flash PMI shows contraction) 8 Comments [Global & FX, On the Move]
Wednesday, May 15, 7:32 AM The Nikkei (EWJ, DXJ) soared another 2.3% overnight to top 15K for the first time since 2007 as the yen (FXY) slid 0.3% to a new multi-year low of ¥102.65. Leading was Sony (SNE), up 10% following Dan Loeb's push for a breakup. Toyota (TM) paced the exporters with a 3.7% gain. JGBs (JGBL) were calm, the yield on the 10-year flat at 0.86%. 4 Comments [Global & FX, On the Move]
Tuesday, April 16, 8:28 AM After continuing to strengthen sharply in early trade overnight, the yen is back in full retreat, down more than 1% vs. the dollar which is now buying ¥97.88. Along with the big reversal came a big swing in the Nikkei, which fell more than 2% at one point, but closed down just 0.4%. FXY -1.1%, EWJ +0.6%, DXJ +0.5% premarket. Comment! [Global & FX, On the Move]
Thursday, April 11, 3:54 AM The Nikkei jumps 2% to 13,549.16, its highest close since July 2008, as the Bank of Japan's aggressive easing policy continues to turbo charge the market. The yen is up a bit vs the dollar, but is at 99.67 and still threatening 100. Meanwhile, other Asian shares are mixed. Hong Kong +0.2%, China -0.3%, India +0.2%. Comment! [Global & FX, Top Stories, On the Move]
Monday, April 8, 1:34 AM The Bank of Japan has started its new aggressive asset-buying program, saying it will acquire ¥1T ($10.3B) of Japanese government bonds with maturities of 5-10 years, and ¥200B of bonds with maturities exceeding 10 years. The purchases are part of the BOJ's plan to inject $1.4T into the economy in under two years. The Nikkei is +2.5% and yen is -1% vs the dollar. 2 Comments [Global & FX, On the Move]
Sunday, April 7, 8:31 PM The yen (FXY) tumbles another 1% vs. the dollar as a new report suggests the BOJ plans to move fast and move big with JGB purchases. Buying less than ¥93 moments before the BOJ announced aggressive new easing measures Thursday, the dollar this moment is worth ¥98.51. The Nikkei adds 2.8% in early Tokyo trade, giving it a middling 8.6% gain since Thursday. 16 Comments [Global & FX, On the Move]
Friday, April 5, 3:54 AM Japanese shares jumped as high as 4.7% and passed the psychologically important 13,000 level for the first time since August 2008 before pulling back somewhat to close +1.6% at 12,834 as investors cashed in. Shares continued to be boosted by the BOJ's plan for aggressive monetary easing, which also pushed the yen to as low as 97 to the dollar before the rate moderated to ¥96.39.
Comment! [Global & FX, Top Stories, On the Move]
Thursday, April 4, 11:03 AM It's a true "regime change" at the BOJ, says Citigroup, commenting on the central bank's new easing measures overnight. Gone is any hint of concern about monetizing government paper, and up next may be additional stimulus in the form of equity purchases and loans to small and medium-sized enterprises. The yen (FXY -3.6%) continues a whopper of a move lower, the dollar now at a session-high ¥96.38. The currency-hedged Japan stock ETF (DXJ) gains 7.5% vs. the unhedged EWJ +3.8%. 4 Comments [Global & FX, On the Move]
Thursday, April 4, 2:07 AM The Nikkei (NKY) surges and the yen (FXY) plummets after the Bank of Japan starts firing the heavy artillery in its battle against deflation. Under new Governor Haruhiko Kuroda, the BOJ is changing its target when setting policy from the overnight call rate to the monetary base, which the bank aims to double within two years by purchasing ¥60-70T of assets a year, including government bonds of all maturities and not just short-term debt. The plan is open-ended and was unanimously approved. The Nikkei is +1.3% after being lower earlier, while the dollar is +1.5% vs the yen. (PR) 14 Comments [Global & FX, Top Stories, On the Move]
Friday, March 22, 8:04 AM The Nikkei dives 2.4% and the yen (FXY) strengthens 0.4% as new BOJ Governor Kuroda's ex-colleagues express doubt about his vows to hit a 2% inflation target. Included was the man formerly known as Mr. Yen for his ability to divine (and drive) the currency's moves - Eisuke Sakakibara - saying the inflation rate "will never reach 2% ... the deflation is structural." EWJ -0.6% , DXJ -0.4% premarket. 2 Comments [Global & FX, On the Move]
Thursday, February 28, 2:06 AM The yen is lower against the dollar following Haruhiko Kuroda's nomination as the BOJ governor, with the greenback +0.2% at ¥92.41. The Nikkei rises 2.1% after falling sharply in the previous two sessions. Kuroda has advocated an inflation target for the BOJ for over a decade and reckons Japan can hit 2% within two years. 3 Comments [Global & FX, Top Stories, On the Move]
Monday, February 11, 4:52 PM A big move late in the yen (FXY -1.2% in regular trade, -0.6% AH) takes the currency to its weakest vs. the dollar in more than 2 years, the greenback now buying ¥94.32. The hedged Japan equity fund (DXJ) nods in approval, +2.4%. The Nikkei was closed Monday, but look for fireworks tonight. Earlier: The government drops all pretense and calls for Nikkei 13K by March 31. 5 Comments [Global & FX, On the Move]
Tuesday, February 5, 8:17 AM The Yen Trust ETF (FXY) -1.3% premarket after BOJ Governor Shirakawa steps down three weeks ahead of schedule. PM Abe has made it clear he wants someone on the job who will be bolder with monetary policy (the U.S. has a couple to offer). Currently speaking at a news conference, Shirakawa says he's under no pressure to resign early. Sure. 2 Comments [Global & FX, On the Move]
Thursday, January 24, 3:34 PM The yen's decline is the real deal, says George Soros holding court at Davos, and it's going to make for some unhappy German exporters. The euro, he says, is the outlier currency as the ECB stands alone among the major central banks in not engaging in QE. His comments hit an already weak yen, sending the dollar higher against it by 1.8% to ¥90.20. The hedged Japan equity fund (DXJ) +2.6%. 7 Comments [Global & FX, On the Move]
Friday, January 4, 7:39 AM Japan parties in its first session of the new year, the Nikkei gaining 2.8% to its highest close since March 2011. Leading the gains were exporters, including Toyota (TM) +6.4%, catching up to big gains in the States over the past week. The slide in the yen picks up steam, the dollar +1.2% and buying ¥88.25. Hedged vs. unhedged Japan stock ETFs over the past 3 months. Comment! [Global & FX, On the Move]
Thursday, November 15, 2012, 7:04 AM Tokyo bucks the selloff, +1.9% as opposition party leader Shinzo Abe - possibly set to come to power in coming elections - makes clear his position: "The biggest economic problem is prolonged deflation and a strong yen ... Markets will only start to react once unlimited monetary easing is conducted." The dollar rises to a 6-month high, +1.2% and buying ¥81.17. EWJ +1.6% premarket, but also consider funds which hedge against the yen. 1 Comment [Global & FX, On the Move]

JPP SPDR Russell/Nomura PRIME Japan ETF

JPP

SPDR Russell/Nomura PRIME Japan ETF